News

D1Rio Tinto’s spectacular 2015 Pink Diamonds Tender collection of 65 rare pink and red diamonds from its Argyle diamond mine has delivered an exceptional result, reflecting global demand and sustained price growth. The Argyle Pink Diamonds Tender, known as...

China has permitted 155 coal-fired power plants this year or about four per week, says Greenpeace in a recently published study. If all the coal plants get built, they will have a total capacity of 123 gigawatts, equivalent to...

Some asteroids are packed with minerals valued in the trillions of dollars.US Congress grants citizens rights to own asteroid-mined riches After months of deliberation, the U.S. Congress has unanimously passed a legislation that establishes legal rights for citizens to...

India’s appetite for gold takes global demand to two-year high while Indian consumer demand, including purchases of bars, coins and jewellery, jumped 13% to 268 tons, the council warned the outlook for the fourth quarter was “muted.” Global demand for...

Despite not signing the nuclear non-proliferation treaty, India will be allowed to import uranium from Australia for civilian purposes. On Sunday the two countries finalized a deal that has been in the works for three years, with Indian Prime...

Rio Tinto to close Queensland coal mine if extension gets rejected   Mining giant Rio Tinto (ASX:RIO) will have to close its Kestrel coal mine in Queensland, Australia, unless the government approves a long-sought extension request. The operation, Rio's...

The stock was down more than 7% to $2.50 at 11:30 am ET, as the company added that most of the 540 Northshore employees in Silver Bay, Minnesota, will be laid off, maintenance crews excepted, because of high inventory...